CION Ares Diversified Credit Fund

Similar documents
CION Investment Corporation A Middle Market-Focused Business Development Company

A floating-rate portfolio that seeks to deliver attractive income

Fixed Income FUNDAMENTALS FOR INVESTORS

DAVID HUNT PRESIDENT & CEO PGIM

See Types of Investments and Related Risks beginning on page 33 of this prospectus. (notes on following page)

Ares Management, L.P. Annual Letter 2017

2017 Wells Fargo Thought Leadership Forum

FS GLOBAL CREDIT OPPORTUNITIES FUND

Investor Presentation. May Nasdaq: OCSL

RREEF Property Trust. Integrity I Experience I Insight. Not available for use in Ohio.

May Global Growth Strategy

GLOBAL CREDIT FUND. Income Through Direct Lending Opportunities*

2 ADAPTING TO 1 A FLEXIBLE 3 SEEKING TAX- 4,000 2,368 TAXABLE INVESTMENT EARNINGS STRATEGIC MUNICIPAL OPPORTUNITIES FUND KEPT $ KEPT $

ULTRA SHORT BOND FUND

A floating rate portfolio that seeks to deliver attractive income

A LEADING ALTERNATIVE ASSET MANAGER

OAKTREE CAPITAL MANAGEMENT, L.P. BAML Future of Financial Services Conference

INVEST IN SOMETHING REAL NOT FOR USE IN OHIO.

DESIGNED FOR TODAY S AND TOMORROW S INVESTMENT CHALLENGES

Ticker Fund Name CUSIP

reit real estate income trust

A guide to investing in mutual funds

Investment Overview Brochure

DAVID HUNT PRESIDENT & CEO PGIM AS OFJUNE 30, 2018, UNLESS OTHERWISE NOTED

SYSTEMATIC VALUE CALCULATION FOR FIXED INCOME ETFs. The Step-by-Step Calculation and Hypothetical Example

NORTHERN FUNDS AFTER-TAX RETURN RANKINGS

INVEST WITH A GLOBAL LEADER

CION ARES DIVERSIFIED CREDIT FUND NOTICE OF QUARTERLY REPURCHASE OFFER

RREEF Property Trust. Integrity I Experience I Insight. For Use in Ohio only.

Resource Credit Income Fund (the Fund )

Options for Your Cash Portfolio

ishares Securities Lending Unlocking the Potential of Portfolios

PowerShares Income ETFs

Practical Solutions for Today s Bond Markets VIRTUS SEIX LEVERAGED FINANCE FUNDS

SIERRA CORE RETIREMENT FUND SIERRA STRATEGIC INCOME FUND. Annual Report September 30,

Cohen & Steers Low Duration Preferred and Income Fund

Investor Presentation

Fixed Income Investing

Q Performance Report

Supplemental Information Fourth Quarter 2011 Earnings Call

CHICAGO STOCK EXCHANGE, INC. MARKET REGULATION DEPARTMENT INFORMATION CIRCULAR ISHARES 2019 AMT-FREE MUNI TERM ETF TO BEGIN TRADING ON CHX

Presentation to KCAP Investors

Pomona Investment Fund

FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR PUBLIC DISTRIBUTION AND NOT FOR USE BY RETAIL INVESTORS

Calamos Investments Appoints Michael Grant Lead Portfolio Manager Of The Calamos US Growth Strategies

BlackRock Securities Lending Unlocking the potential of portfolios

Invesco Unit Trusts Closed-end strategies

2017 PIMCO Qualified Dividend Rates

Eaton Vance Short Duration Strategic Income Fund

CION ARES DIVERSIFIED CREDIT FUND. Supplement dated December 4, Prospectus relating to Class I shares dated February 28, 2018

Invesco Unit Trusts Fixed income. Celebrating 40+ years in unit trusts

Ares Management, L.P. Annual Letter 2016

INFORMATION CIRCULAR: ISHARES TRUST

Preferred and Capital Securities Fund: Bank Fundamentals Haven t Been This Strong in Decades

Section 1: N-2/A (N-2/A)

UMA Model Portfolios Professional Advice for Your Unified Managed Account

PROSPECTUS 14,000,000 / GSO

BlackRock Securities Lending Unlocking the potential of portfolios

U.S. Bancorp Fixed Income Investor Presentation

When insight matters. TM. Insight changes everything

Market & Product Opportunity S E P T E M B E R 3 0,

Eaton Vance Global Macro Absolute Return Fund

PGIM INVESTMENTS UPDATE

Maximum Offering of 250,000,000 Shares of Common Stock Minimum Offering of $1,000,000

Apollo Investment Corporation Investor Presentation

2018 SUMMARY PROSPECTUS

Rodin Global Property Trust, Inc.

Investor Presentation

Fixed-Income Insights

Mutual Fund Features, Share Classes and Compensation

Investec Global Strategy Fund. Product Key Facts Statements July 2018

UNCOVERING VALUE IN MUNICIPAL CLOSED-END FUNDS

Franklin Templeton Investment Funds Franklin Templeton Global Allocation Fund

DoubleLine Core Fixed Income Fund Fourth Quarter 2017

Pricing across bonds, CDS and loans, as well as equity volatility data and securities lending data for stocks and bonds

NorthStar Real Estate Capital Income Fund-T Common Shares of Beneficial Interest

Blackstone brings institutionalcaliber private real estate to income-focused individuals

INFORMATION CIRCULAR: ISHARES TRUST

UNDERSTANDING CLOSED- END INTERVAL FUNDS Sean Graber, Partner Thomas S. Harman, Partner David W. Freese, Associate. June 7, 2017

Investment case: municipal bonds

Eaton Vance Commodity Strategy Fund

WhiteHorse Finance, Inc.

Supplemental Information Earnings Call

Navigating the ETF Landscape

Black Creek Industrial REIT IV Overview

RESPONSIBLE INVESTMENT POLICY. Columbia Management Investment Advisers, LLC

Calamos Phineus Long/Short Fund

Mutual Fund Features, Share Classes and Compensation

Angel Oak Capital Advisors, LLC

An Introduction to Bonds

WESTERN ASSET MUNICIPAL BOND LADDERS

Fund Information. Partnering for Success. SSgA Real-Life Insight

UBS Conference. May 14, 2007

CLIENT FREQUENTLY ASKED QUESTIONS (FAQs)

First Trust Intermediate Duration Preferred & Income Fund Update

Xtrackers Low Beta High Yield Bond ETF

NEAR-TERM TAX FREE FUND (NEARX) usfunds.com US.FUNDS October

For professional investors only. Achieving precision with BMO ETFs

SPDR Nuveen S&P High Yield Municipal Bond ETF

Focus On... CapitalMarkets. Senior Loans Understanding the Asset Class. What are senior loans?

Transcription:

CION Ares Diversified Credit Fund Investor Brochure This is neither an offer to sell nor a solicitation to purchase the securities described herein. An offering is made only by the prospectus which must precede or accompany this brochure. Please read the prospectus prior to making any investment decision and consider the risks, charges, expenses and other important information described therein. Additional copies of the prospectus may be obtained by contacting CION Securities at 800.435.5697 or by visiting cioninvestments.com. Risks and limitations include, but are not limited to, the following: investment instruments may be susceptible to economic downturns causing losses; there is no guarantee that all shares can be repurchased; the Fund s business and operations may be negatively impacted by fluctuations in the capital markets; the Fund is a newly organized, diversified, closed-end investment company with no operating history; diversification does not eliminate the risk of experiencing investment losses. Please be aware that the Fund, the Advisers, the Distributor or the Wholesale Marketing Agent and their respective officers, directors, employees and affiliates do not undertake to provide impartial investment advice or to give advice in a Fiduciary capacity in connection with the Fund s public offering of shares. CION Securities, LLC ( CSL ) is the wholesale marketing agent for CION Ares Diversified Credit Fund, advised by CION Ares Management, LLC ( CAM ) and distributed by ALPS Distributors, Inc ( ADI ). CSL, member FINRA, and CAM are not affiliated with ADI, member FINRA. www.cioninvestments.com

Why Diversified Credit, Why Now? Investors are earning less on their savings INTEREST EARNED ON HIGH YIELD SAVINGS ACCOUNT CONTAINING $25,000 In 2006, savers could find numerous high yielding savings accounts paying rates upwards of 5%. In 2017, a 1.55% interest rate was considered a high-yielding account. $1200 $800 $400 $1,151-66% $391 $0 2006 2017 Source of Data: Nerdwallet.com Best High-Yield Online Savings Accounts of 2018 February 7, 2018. Traditional fixed income yields remain depressed Investors are struggling to find yield with traditional fixed income vehicles. YIELDS OF TRADITIONAL FIXED INCOME INVESTMENTS 1,2 3.42% 2.42% 2.84% 2.11% Did You Know? U.S. Investors have nearly $11.3 trillion dollars sitting in cash and cash-like investments. This equates to more than 58% of the United States Gross Domestic Product. U.S. Federal Reserve- Household balance sheet Q3 2017. September 30, 2017 Investment Grade Bond 10 Year Investment Grade Municipal Bond 10 Year Treasury Bond 10 Year CDs 1 Year 1. The yields quoted for Investment Grade Bond 10 Year, Investment Grade Municipal Bond 10 Year, Treasury Bond 10 Year, and CDs 1 Year are sourced from the FINRA-Bloomberg U.S. Corporate Bond Index, Bloomberg - BVAL Muni Benchmark 10Y Index, U.S. Department of Treasury Daily Bond Rate and Bankrate.com Best 1-year CD Rates respectively. All yields as of February 7, 2018. Investment Grade ranges from AAA/Aaa (Prime) to BBB-/Baa3 (Lower Medium Grade) as rated by Nationally Recognized Statistical Rating Organizations such as Moody s, Standard & Poor s or Fitch. Ratings only pertain to the underlying bonds used for comprising a composite bond rate and not the composite bond rate itself. 2. Past performance is no guarantee of future results. Although CDs are insured and offer a fixed rate of return, U.S. Government Bonds and Treasury Bills are only guaranteed as to the timely payment of principal and interest. The amount of interest paid can vary. Corporate Bonds carry higher risk than Government issued debt as their interest payments are not guaranteed and are typically based on the expectation that a company will make timely repayments of its debt. Public markets have become increasingly volatile Investors have endured a sharp increase in volatility in the public markets for nearly two decades. For the twenty years starting in 1996 through 2017, the S&P 500 had intraday movements of 2% or more on 181 more trading days than the prior 40 years combined. NUMBER OF DAYS S&P 500 MOVED 2% OR MORE 250 200 150 100 50 0 27 80 53 1956-1965 1966-1975 1976-1985 1986-1995 1996-2005 2006-2017 Source: Bloomberg as of December 31, 2017 94 193 242 CION ARES DIVERSIFIED CREDIT FUND Page 2

Why CADC? Access to a world class asset manager with deep credit investing expertise Affiliates of CION Investments and Ares Management have joined forces to form CION Ares Management, LLC ( CAM ). As the advisor to CION Ares Diversified Credit Fund ( CADC ), CAM brings together two best-in-class alternative asset managers in an effort to provide individual investors with access to a global, institutionally managed credit strategy. Fully integrated sponsor and manager of alternative credit strategies Currently manages approximately $2 billion in credit assets Approximately $2 billion in capital raised* * Since 2008 Global alternative asset manager with approximately $112 billion of assets under management Publicly traded on New York Stock Exchange under the ticker: ARES MANAGES 3 DISTINCT BUT COMPLEMENTARY INVESTMENT GROUPS Credit ~$77.3 B Private Equity ~$24.3 B Description A leading participant in the non-investment grade corporate credit markets One of the most consistent private equity managers in the U.S. with a growing international presence Key Strategies High yield bonds Syndicated loans Structured credit Direct lending Corporate private equity U.S. Power & energy infrastructure Special situations Real Estate ~$10.9 B A leading participant in the real estate private equity markets and a growing direct lender Real estate debt Real estate private equity As of March 31, 2018, AUM amounts include funds managed by Ivy Hill Asset Management, L.P., a wholly owned portfolio company of Ares Capital Corporation and a registered investment advisor. CION ARES DIVERSIFIED CREDIT FUND Page 3

Access to a robust, global investment platform CADC offers individual investors with a distinct competitive advantage by providing direct access to one of the largest, established alternative credit platforms across the United States and Europe. The size, scale and successful operating history of the Ares platform allows CADC to partake in potential investment opportunities that are typically not available to smaller alternative lenders in terms of both size and global footprint. ARES LOCAL MARKET PRESENCE ACROSS 11 OFFICES Chicago San Francisco Los Angeles Dallas London New York Paris Atlanta Stockholm Frankfurt Luxembourg Dubai Chengdu Shanghai Hong Kong Sydney Ares credit platform manages approximately $77.3 billion in assets Highly experienced management team: 30 partners averaging 23 years experience oversee the platform s operations 245+ dedicated investment professionals Access to a dynamically managed, best ideas investment strategy CADC s flexible investment mandate was constructed to leverage the breadth of the Ares credit platform. By having the flexibility to invest across various liquid and illiquid asset classes within the global credit spectrum, CADC is able to tactically deploy investor capital as value opportunities present themselves in the market. BONDS/LOANS HYPOTHETICAL PORTFOLIO ALLOCATION OPPORTUNISTIC CREDIT 5% 20% 30% Euro Dynamic portfolio allocation targeting attractive risk-adjusted returns STRUCTURED CREDIT 15% 5% 25% U.S. DIRECT LENDING REAL ESTATE DEBT The hypothetical portfolio allocation is intended to provide a visual representation of a particular allocation strategy. There is no guarantee that the final portfolio allocation will be identical to this hypothetical representation. As of March 31, 2018, AUM amounts include funds managed by Ivy Hill Asset Management, L.P., a wholly owned portfolio company of Ares Capital Corporation and a registered investment advisor. CION ARES DIVERSIFIED CREDIT FUND Page 4

CION Ares Diversified Credit Fund Features Daily NAV Monthly Distributions Quarterly Repurchase Offers 15 Member Investment Allocation Committee Global Diversification* * Diversification does not eliminate the risk of experiencing investment losses. Offering Profile Fund Objective: To provide superior risk-adjusted returns across various market cycles by investing in a diversified portfolio of liquid and illiquid asset classes. The Fund seeks to capitalize on market inefficiencies and relative value opportunities throughout the entire global credit spectrum. Investment Strategy: The Fund invests primarily in a portfolio of directly originated loans, secured floating and fixed rate syndicated loans, corporate bonds, asset-backed securities, commercial real estate loans and other types of credit instruments. Symbol Structure Class A: CADEX; Class C: CADCX; Class I: CADUX; Class L: CADWX 1940 Act continuously offered closed-end interval fund Minimum Investment Non-Qualified Accounts: $2,500; Qualified Accounts: $1,000 Dividend Reinvestment Plan Limited Liquidity / Repurchase Offer Tax Reporting Automatic Participation, unless otherwise elected Quarterly at net asset value totaling up to 5% of the outstanding shares of the Fund 1099-DIV Sales Load Class A: 5.75% front-end load 2,4 Class C: No front-end load 1,2,3,4 Class I: No load 4 Class L: 4.25% front-end load 2,3,4 (1) Subject to a 1.00% contingent deferred sales charge if redeemed during first 365 days after purchase. (2) Subject to a shareholder servicing fee of up to 0.25% per year. (3) Subject to a 0.75% (Class C) or 0.25% (Class L) annual distribution fee. (4) Subject to management fees and other expenses. CION ARES DIVERSIFIED CREDIT FUND Page 5

Invest Now. Speak to your financial advisor to learn how CION Ares Diversified Credit Fund may help you reach your financial goals. CADC-BRO-0218 CION ARES DIVERSIFIED CREDIT FUND Page 6 EXP. 6/30/2018 CAD000110